Even though the crypto market has had a bumpy start to the year, overall, one promising project has had its foot firmly on the gas and is developing at top speed in 2022. RBIS, the native token of ArbiSmart, was first listed in January and the process is gaining momentum, as more A-list exchanges add the token, increasing liquidity and driving RBIS demand.
In addition, the FCIS licensed project is on the cusp of introducing a stream of new utilities in the coming months that should further push up the price.
Looking at the story so far
ArbiSmart’s primary utility is automated crypto arbitrage. This is a type of investing that exploits times when a cryptocurrency is available across multiple exchanges at different prices simultaneously. ArbiSmart’s algorithm, connected to nearly 40 exchanges, automatically buys the asset on the exchange where it is priced lowest and then sells it wherever the price is highest, for a profit.
Temporary price differences across exchanges occur just as regularly, whether the crypto market is rising or falling, so even in a slump, the ArbiSmart platform will generate a consistent passive profit, making it a valuable hedge against a bear market.
Deposited funds are automatically converted into RBIS and then used to trade on the client’s behalf. Crypto arbitrage profits start at 10.8% and reach up to 45% a year, depending on the size of the deposit. Platform users can then choose to store these profits in a locked, long-term savings account, for a contracted period, earning up to 1% a day in additional passive revenues.
ArbiSmart took a big step at the start of this year, when it began the RBIS listing process. The token is already tradable on multiple top-tier exchanges, including Uniswap, LAToken, Coinsbit, HitBTC, and SushiSwap, with many more to come.
Each major exchange that adds RBIS, incentivizes more big names to list the token. The larger the exchanges, the bigger the communities being introduced to the token and the greater the boost to the RBIS liquidity level and trading volume, pushing demand higher.
Expanding the RBIS crypto hub in 2022
This month ArbiSmart will be increasing liquidity further, by introducing its decentralized yield farming program, via the UniSwap application. Users will receive industry-high annual yields for the loan of their funds. They will be able to join a ETH/RBIS or a USDT/RBIS liquidity pool, earning up to 190,000% APY and receiving 0.3% of the fees on every trade.
This quarter, ArbiSmart will also expand its crypto ecosystem with the launch of an NFT marketplace. The ownership and authenticity of each piece in a collection of 10,000 digital artworks, will be verified by non-fungible tokens (NFT’s) that can only be purchased using the RBIS token.
In Q2, ArbiSmart will maintain the momentum, by launching an interest-generating wallet for FIAT and crypto, offering rates of up to 45% a year, and with every new RBIS utility that ArbiSmart introduces, demand will increase. Meanwhile, the token supply is finite, forever capped at 450 million RBIS, so as demand grows and the limited supply shrinks, the RBIS price is set to rise.
Taking the long view
The second half of 2022 will be equally busy for ArbiSmart’s development team, with the release of additional RBIS utilities, including a mobile application. The app, compatible with both Apple and Android devices, will offer comprehensive account management from any location, at any time. The ArbiSmart crypto hub will also be expanding with a launchpad to funds promising new cryptocurrencies as well as a banking services package that includes payment service solutions, crypto debit cards and IBANs.
Major developments are on the horizon for ArbiSmart throughout 2022. The project is gaining ground as additional exchanges list the token, and new RBIS utilities are introduced, increasing demand and driving up the token price. If you missed out on Dogecoin, Cardano, Solana and Shiba Inu, it isn’t too late to become an early adopter of the next big up-and-comer. Potentially, there’s a profit to be made by purchasing the token right now, before the RBIS ecosystem expands, and the price shoots up.
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.